It comes as it must come: Because the world’s central banks, and the ECB in particular, are unable to resist the pressure exerted by “experts” and the public, they will do exactly the wrong thing. The “inflation preachers” have prevailed over the thoughtful few, …
I already described in my last piece that it is almost impossible nowadays to bring an indisputable fact to the attention of the people in such a way that even politicians feel compelled to question all too simple views and also to go against the economic prejudices of the majority for once. …
Just imagine: A doctor develops an ingenious diagnostic tool that can avoid misdiagnoses in many diseases, but the vast majority of his colleagues don’t want to use it because they think misdiagnoses are just part of the risk of patients’ lives that you simply have to accept. …
